ABS Marine Services Limited IPO GMP, Date, Price Band & Review

ABS Marine Services Ltd. (AMSL) started operations with two offshore vessel management and as of the date of December 31, 2023 it had 5 owned vessels comprising 2 advanced offshore vessels servicing the Oil & Gas sector & 3 Harbour Crafts serving the Indian Ports sector. The company has one long term chartered specialized multipurpose offshore vessel serving the Oil & Gas Sector. In addition, as of December 31, 2023 it is carrying out total ship management of 12 vessels on behalf of Government, public sector undertakings, private companies and port authorities. It is providing services to many renowned customers with whom it enjoys long term relationships. AMSL is a fully integrated company with in-house complete vessel management including commercial management.

Its customers are primarily the Government of India, large industrial concerns, public sector undertakings, port authorities and private sector. ABS Marine Services IPO is a book built issue of Rs 96.29 crores. The issue is entirely a fresh issue of 65.5 lakh shares. ABS Marine Services IPO price band is set at ₹140 to ₹147 per share. The minimum lot size for an application is 1000 Shares. GYR Capital Advisors Private Limited is the book running lead manager of the ABS Marine Services IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market makers for ABS Marine Services IPO are Giriraj Stock Broking and Commodity Mandi.